Novare to Unveil $68m Abuja Shopping Mall

Novare Real Estate Africa has revealed plans to unveil its third shopping mall in Nigeria, known as the Novare Gateway, Abuja.

According to the firm, the $68m mall, developed through foreign direct investment, is its second in Abuja, having opened the Novare Apo Mall earlier.

“Shoppers in Nigeria’s capital city, Abuja, will be spoilt for choice with the opening of Novare Gateway, which is a modern lifestyle centre offering an enticing combination of shops, restaurants and entertainment,” the Chairman, Novare Real Estate Africa, Prof. Fabian Ajogwu, said.

He added that the mall, which incorporates 15,000 square metres of space with facility to park at least 600 cars, and occupied by 60 stores, was designed to augment tourism and also to be used to demonstrate effective planning.

Ajogwu stated that the mall, located on the main 10-lane highway between the Nnamdi Azikiwe International Airport and the Central Business District, would be opened on November 30, with Shoprite as the anchor tenant.

He added that the mall’s tenant mix included international and local brands covering fashion and fashion accessories, restaurants, electronics, health and beauty, furniture, home improvement, telecommunications, entertainment, cinemas and banks.

Ajogwu stated, “Novare Gateway is Novare Real Estate Africa’s third retail and commercial development in Nigeria, and to date, the largest in Abuja. The centre was developed at a cost of $68m and includes a second phase that will in future see another 10,000 square metres added to accommodate 33 more shops.

“Other malls in Abuja owned by Novare Equity Partners include the 8,267-square-metre Novare Apo Mall located about 18 kilometres from Novare Gateway to the south-east of Abuja. Similarly, in Abuja, Novare is developing a 12,508-square-metre Novare Central Office Park, a mixed-use centre consisting of retail space and A-grade offices.”

The Managing Director, Novare Real Estate Africa said, Jan van Zyl, said the firm had built a team with unrivalled expertise in investment management, property development and facility management.

He said the firm was targeting to move to other cities having built Lagos’ largest mall, known as Novare Lekki, and three in Abuja, two of which are completed and a third to be delivered in Wuse by 2018.

 

Source:Sunnewsonline